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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (9553)3/16/1998 11:38:00 PM
From: Arnie   of 15196
 
FIELD ACTIVITIES / Wolverine Energy reports DRilling Success

CALGARY, March 16 /CNW/ - Wolverine Energy Corp. (WVE-ASE) announces that
it has tapped into a very significant natural gas reservoir in the West Ghost
River area (100% working interest) located about 65 kilometers west of
Calgary. Wolverine Energy Corp. recently completed drilling two horizontal
legs into the Mount Head formation.

The two horizontal sections were drilled from the Wolverine Salter
8-29-26-8W5M well (100% working interest). One horizontal leg was drilled into
the Upper Mount Head formation and encountered just over 310 meters of
horizontal gas pay. This horizontal leg flowed natural gas immediately after
drilling and is currently being completed for production. Production testing
will be completed later in March.

The second horizontal leg drilled off of the 8-29 well reached a length
of just over 360 meters in length and targeted the Lower Mount Head and Turner
Valley formations. Wolverine Energy expects to resume drilling in this lower
leg at a later date to continue development of these two formations. The
Company expects to be able to develop the Mount Head and Turner Valley
formations in the West Ghost River area and sees the same potential in its
South Ghost River (100% working interest) project area.

Wolverine Energy Corp. continues to pursue its natural gas growth
strategy in the southern Alberta foothills and northeastern British Columbia
through drilling and property acquisitions. Wolverine Energy expects natural
gas to provide significant growth opportunities for the Company and will focus
its 1998 capital programs in this area.

For additional information on the Company, visit us at our website
www.wolverine-energy.com
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